Policies and Agreements

Policy:

The following accounting policies are used to record and incorporate electronic financial transactions of the Association:
Net assets are classified based on the existence or absence of restrictions by donors. Accordingly, net assets are classified as net assets that are not restricted, temporarily restricted or permanently restricted as follows:
- Net assets temporarily restricted are the net assets to which the donor is required to use or to achieve a certain objective.
- Fixed assets that are permanently restricted are those assets in which the donor has permanent restrictions on their use.
- Net unrestricted assets are those that are not subject to restrictions by the association on the part of the donor.